First Journey Holdings (00697.HK) invests in CMVIP Outlet REIT.

The Smart Finance and Economics APP News, Shoucheng Holdings (00697.HK) announced that recently, a company under the Shoucheng cornerstone owned by the group (a wholly-owned subsidiary) participated in the Beijing Pingzhun Infrastructure Real Estate Equity Investment Fund Limited Partnership (Beijing Pingzhun Fund) managed by the company. Investment in the closed-end infrastructure securities investment fund of CITIC VIPshop Outlets (CITIC VIPshop Outlets REIT). This investment will further activate existing assets, promote consumer upgrades and expand domestic demand, injecting new momentum into the development of consumer infrastructure.